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Pitfall 18: Paying Through Unofficial Channels

Part 18 of 21 Pitfalls to Avoid When Sourcing from China.

The Pitfall

Paying via Western Union, cryptocurrency, or a private personal account.

Why It's Dangerous

Such payments are hard to trace and nearly impossible to recover.

How to Avoid It

Use escrow, bank transfer to the company account, or a letter of credit.

Sourcing from China? Get it right from the start.

Our Chinese lawyers review suppliers and contracts before you commit — and recover your losses if a deal goes wrong.

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